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<Research>BofAS Has Positive View on SWIREPROPERTIES (01972.HK) US Property Sale
BofA Securities issued a research report stating a positive view on SWIREPROPERTIES (01972.HK)'s sale of its 75% stake in the retail portion of Brickell City Centre in Miami, t...
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<Research>BofAS Has Positive View on SWIREPROPERTIES (01972.HK) US Property Sale
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BofA Securities issued a research report stating a positive view on SWIREPROPERTIES (01972.HK)  +0.080 (+0.408%)    Short selling $20.99M; Ratio 17.322%   's sale of its 75% stake in the retail portion of Brickell City Centre in Miami, the US, including shared facilities and parking lot, to Simon Property for a maximum consideration of approx. US$549 million, equivalent to about $4.28 billion.

Therefore, the broker kept rating at Buy, with a target price of $21.

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The transaction will allow SWIREPROPERTIES to recycle capital from mature assets for new investments or capital return, BofA Securities added. The sale price was close to the book value, reflecting a return on investment of 5.5- 6%, in line with the broker's valuation.

Combined with another Miami land sale announced earlier in June, SWIREPROPERTIES is expected to realize a pre-tax income of over $5 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-02 16:25.)

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